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/ZB Better Start Rallying
With the bond market still getting spanked, stocks still have had much of a sell-off. But if bonds have another leg down, equity markets could tumble to the June lows.
FOMC Week
It all starts Wednesday of this week. Yes, today was boring and tomorrow may well be more of the same. Get ready for game day Wed and Thursday of this week as that’s when it starts to matter.
New Levels To Watch In Bonds
Plentiful Pins
Daytrading Is STILL Working
With a choppy week and OpEx, staying nimble is not only working, it’s the best way to control risk and manage the volatility.
2 Days To Come Through
In Monday night’s review I discussed SPX and a target at 4500. That came through today and with this huge upside level tested what might we look for next? Let’s look at a few scenarios in tonight’s update.
Settlement
Here she comes. The big bad triple witch of the Qtr. Tomorrow morning there will be an enormous amount of notional value settling as Futures and AM options find their final settlement values. Mind your risk and get through this so we can get back to some more normal or average price action next week.
Chart Patterns, and Support and Resistance, Are My Most Important Trading “Tells”
Definable charts patterns, and price support and resistance, are my most important tools to trade with, day by day.
CPI Is Out, PPI Still To Come
In this video, we review today’s market action after the “hot” CPI numbers that came out premarket. We got an initial flush and then a bounce which ultimately ended up giving us chop all day long. We still have PPI tomorrow so we could go either way and then we have the FED meeting next week so that is what we are all waiting on for clarity.
